LendInvest launches homeowner product to support key workers
LendInvest, the UK’s leading platform for mortgages, has launched its full Residential Mortgage product range to all UK intermediaries, aimed at supporting customers underserved by high street mortgage lenders.
From today all intermediaries will now be able to access LendInvest’s new Residential Mortgage range, with an entirely online experience using the LendInvest portal.
The range includes a Key Worker Mortgage, Credit Friendly Mortgage and Qualified Professional Mortgage, each tailored to serve the needs of customers with more complex income sources and credit histories.
Rates start from 5.39% and LTVs up to 90%, customers of the LendInvest Residential Homeowner range are eligible for £400 off valuation fees, or free valuations under £400.
Backed by a £300 million funding agreement with Lloyds Banking Group, the product range is LendInvest’s official entry into the UK’s £1.2 trillion homeowner mortgage market.
LendInvest’s proprietary technology platform, which makes even the most complex of cases simpler and faster, improves the overall mortgage experience for homeowners.
Esther Morley, MD for Residential Homeowner at LendInvest commented:
”Today is a landmark day for both LendInvest and the mortgage market as we bring our 13-year track record of proprietary technology and people-driven expertise to residential mortgages market wide.
There are a significant number of people in the UK with complex income streams or multiple streams of income – from NHS contract workers to actors to barristers to self employed individuals – who find it harder to get a mortgage because of their income sources or less regular pay cheques.
These customers, alongside those with more complex credit histories, are often overlooked by mainstream lenders.
Our new product range is tailored to their needs, providing access to the finance they require to buy the home of their dreams, without all the stress and hassle.“